Equities research analysts expect that Saul Centers Inc (NYSE:BFS) will post $56.65 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Saul Centers’ earnings, with the lowest sales estimate coming in at $56.03 million and the highest estimate coming in at $57.25 million. Saul Centers reported sales of $55.91 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The business is scheduled to announce its next earnings report on Thursday, November 1st.

On average, analysts expect that Saul Centers will report full-year sales of $227.96 million for the current financial year, with estimates ranging from $227.25 million to $228.88 million. For the next financial year, analysts anticipate that the company will post sales of $235.52 million per share, with estimates ranging from $232.97 million to $239.05 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Saul Centers.

Several research firms have recently commented on BFS. ValuEngine raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, B. Riley raised their price objective on Saul Centers from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Five equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $56.50.

In other Saul Centers news, insider Christopher Netter sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $59.30, for a total transaction of $444,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Debra Noreen Stencel sold 501 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $59.65, for a total value of $29,884.65. Following the transaction, the vice president now owns 501 shares of the company’s stock, valued at approximately $29,884.65. The disclosure for this sale can be found here. Insiders have sold 18,084 shares of company stock valued at $1,055,064 in the last quarter. 49.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFS. Bank of New York Mellon Corp boosted its holdings in shares of Saul Centers by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 203,180 shares of the real estate investment trust’s stock worth $10,886,000 after purchasing an additional 3,184 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Saul Centers by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 374,600 shares of the real estate investment trust’s stock worth $20,071,000 after acquiring an additional 2,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Saul Centers by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 196,921 shares of the real estate investment trust’s stock worth $10,551,000 after acquiring an additional 1,097 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Saul Centers by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 58,546 shares of the real estate investment trust’s stock worth $3,138,000 after acquiring an additional 1,565 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Saul Centers by 7.3% during the 2nd quarter. BlackRock Inc. now owns 2,048,528 shares of the real estate investment trust’s stock worth $109,759,000 after acquiring an additional 139,348 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

BFS stock traded down $2.16 during trading on Friday, reaching $57.65. The stock had a trading volume of 954 shares, compared to its average volume of 31,647. Saul Centers has a 52 week low of $46.71 and a 52 week high of $65.43. The company has a debt-to-equity ratio of 4.27, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 3.87 and a beta of 0.68.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 59 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) four land and development properties.

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Earnings History and Estimates for Saul Centers (NYSE:BFS)

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